Binance Japan: Gateway to the Japanese Crypto Asset Market
Table of Contents
- Binance Japan: A New Era for Crypto Assets in Japan
- Services
- Website and Accessibility
- Regulatory Compliance
- Stable Coin Initiatives
- User reviews and feedback
- Teams and Leadership
- Conclusion.
- Disclaimer: The following is a list of all the information that can be found on the website.
- Binance Japan Related Links
- Related links:
Binance Japan: A New Era for Crypto Assets in Japan
Binance, the world's largest crypto asset exchange, has launched Binance Japan, a platform specifically for the Japanese market. This move is an important milestone in Japan's Web3 journey and marks Binance's re-entry into the Japanese market. Binance has acquired SAKURA Exchange BitCoin, Inc. (SEBC), a local crypto asset exchange service provider licensed in November 2022, and rebranded it as Binance Japan Inc. Binance Japan initially offered 34 tokens, the largest number at the time in Japan. Existing Japanese users of Binance.com will need to re-authenticate their accounts to use Binance Japan.
Services
spot transaction
Binance Japan provides a platform for physical trading of crypto assets. Initially, the platform supported 34 different tokens, including Bitcoin (BTC) and Ethereum (ETH). As of November 27, 2023, the number of tokens has increased to 47, including Binance Coin (BNB) and Cardano (ADA). Users can deposit Japanese yen and crypto assets to conduct transactions and withdraw in Japanese yen (after August 20, 2023) and crypto assets.
Earn Products
Users can earn passive income on their crypto assets holdings through the Binance Earn product. These include Simple Earn, where users deposit digital assets and earn daily rewards, and Auto-Invest, which automates investment in crypto assets at regular intervals in amounts pre-set by the user.
Website and Accessibility
Binance Japan's website offers a user-friendly interface with a clean design and easy navigation. It provides real-time price information for a variety of crypto assets, including Bitcoin (BTC), Ethereum (ETH), and BNB. Users can access educational material on blockchain and crypto assets through the Binance Academy and blog sections. The website allows users to easily manage their accounts, deposit and withdraw funds, and track their transaction history. Users have access to 24/7 chat support and a comprehensive support center that includes FAQs and articles. In addition to the website, Binance offers dedicated mobile apps for iOS and Android devices, providing convenient access to Binance Japan services on the go.
Regulatory Compliance
Binance Japan operates under the regulatory supervision of the Japanese Financial Services Agency (JFSA) as a crypto asset exchange service provider. This registration ensures that the Exchange will adhere to strict compliance measures designed to protect consumers and maintain the integrity of the crypto asset market. Key regulations that Binance Japan adheres to include FSA registration, asset segregation, KYC/AML compliance, and travel rules.
Stable Coin Initiatives
Binance Japan and Mitsubishi UFJ Trust and Banking Corporation have launched a joint study to explore the issuance of a new stablecoin pegged to legal tender, including the Japanese yen. This initiative utilizes the Progmat Coin platform, a stable coin issuance infrastructure developed by MUTB in accordance with the revised Funds Settlement Law that went into effect in June 2023.
User reviews and feedback
Binance Japan has received positive feedback from its users for its compliance with Japanese regulations, user-friendly interface, and diverse service offerings. Users appreciate Binance Japan's compliance with Japanese crypto asset regulations and have a sense of security and trust in the platform. Both desktop and mobile platforms are seen as intuitive and easy to use, catering to both novice and experienced users. Binance Japan offers competitive transaction fees with additional discounts for users paying with Binance Coin (BNB). Users praise the platform's wide range of features, including spot trading, Earn products, and access to the Binance NFT marketplace. Binance Japan is highly regarded for its strong security measures, including two-factor authentication, KYC authentication, and Secure Asset Fund for Users (SAFU) to protect users' funds in the event of a security breach.
Teams and Leadership
While details about the Binance Japan team are limited, Binance emphasizes compliance and security in its hiring. The company is actively seeking top-tier compliance personnel to enhance its compliance program and ensure user protection.
Refer-a-Friend Program
When you receive a referral code from your referrer and complete the account opening process at Binance Japan,BNB worth 1,800 yenwill be granted.
Referral code: 512112235
How to open an account
- Copy the referral code above.
- Link herePlease register with your e-mail address or phone number from
- Enter your referral code on the Account Settings page.
- Please complete the identification procedure.
Granting period
After account opening is completed, BNB worth 1,800 yen will be credited to your Binance Japan account within 30 business days.
precautions
- This program is only available to customers residing in Japan.
- Only one account can be opened per Binance Japan user.
- You must present your referral code at the time of registration to receive the benefit.
- Identity verification must be completed in order to receive the award.
Take this opportunity to start trading crypto assets with Binance Japan!
Conclusion.
Binance Japan has emerged as the leading crypto asset exchange in Japan, providing a secure and regulated platform for users to trade and invest in digital assets. Its commitment to compliance, user-friendly interface, and diverse services has received positive feedback from the crypto asset community. Key differentiators of the platform, including the largest token selection in Japan and the first to offer BNB in Japan, position Binance as a strong competitor in the Japanese crypto asset market. While Binance faces regulatory challenges globally, its dedication to compliance in Japan, demonstrated by its adherence to regulations such as asset segregation, KYC/AML compliance, and travel rules, fosters trust and provides a safe trading environment for users. The joint stablecoin initiative with Mitsubishi UFJ Trust and Banking further demonstrates Binance Japan's commitment to innovation and its potential to contribute significantly to the growth of the Web3 ecosystem in Japan. As Binance continues to expand its global presence, Binance Japan demonstrates the company's dedication to providing localized and compliant crypto asset services to users worldwide.
Disclaimer: The following is a list of all the information that can be found on the website.
This article is for informational purposes only and is not investment advice. Investing in virtual currency involves risk. Please do your own research and understand the risks before investing.
English 
日本語